The Federal Reserve Bank of San Francisco’s board of directors appointed Robert Sarver, chairman and CEO of Western Alliance Bancorporation, to the Federal Advisory Council, replacing former Wells Fargo chairman and CEO John Stumpf.

Sarver was appointed for a one-year term.

The Federal Advisory Council, a body created by the Federal Reserve Act, consists of one member from each of the 12 Reserve Bank Districts. The council ordinarily meets four times a year with the board of governors in Washington, D.C. to discuss economic and banking matters. Members customarily serve three one-year terms.

Sarver is chairman and CEO of Western Alliance, a bank holding company with $17 billion in assets. Western Alliance Bank operates full-service banking divisions: Alliance Bank of Arizona, Bank of Nevada, Bridge Bank, First Independent Bank and Torrey Pines Bank. In addition, Sarver has been the managing partner of the Phoenix Suns since 2004.